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ARTICLE · 10 NOVEMBER 2022

The "Golden License" For Investment Projects

Andersen
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Earlier on, the obtainment of separate approvals from multiple government bodies was required in order to establish projects and obtain the necessary licenses.

EgyptStrategy
Andrew Sultan
Andrew Sultan

Earlier on, the obtainment of separate approvals from multiple government bodies was required in order to establish projects and obtain the necessary licenses.

However, Investment Law No. 72 of 2017 was adamant to simplify the procedures for Investors by establishing an investment window through all authority's branches; in order to handle, solve the problems of investors, facilitate the granting of licenses, and deal with all the challenges facing the establishment of companies and new investment projects.
Pursuant to this, President Abdel Fattah El-Sisi agreed to grant investors the "Golden License"; which is not an exemption from fulfilling all the regulatory requirements from various government agencies, however, it shortens such procedures in a one-step approval that reduces time and effort.

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